45 Koolkuna Ave

Doncaster VIC 3108

658 m²

House

Currently for sale - view listing

Overview

Cashflow treasure with an eight-bedroom rooming house permit

Only metres from Westfield Doncaster and buses bound for Box Hill TAFE, Deakin University and the city, this comfortably large family home is worth its weight in gold. A highly lucrative investment or redevelopment opportunity, it comes with a valuable permit to run an eight-bedroom rooming house, currently returning an annual income of $136,000 (from Rooming House Operators). In the heart of this abode is a meals area and modern stone-topped kitchen stainless steel appliances, perfectly designed for this style of accommodation. Comfortably serviced by two bathrooms, a powder room, and split system air-conditioners, appreciate the convenience of a covered alfresco, and secure parking for two cars. Choose your prosperous future by either retaining the rooming house investment, revert to the enormous four bedroom plus study home with three living zones, or build one prestige residence or premium townhouses (STCA) on 658 sq m approx. Zoned for highly regarded Birralee Primary School and Koonung Secondary College, nearby buses travel to Balwyn, Canterbury and Kew's elite private schools. Just moments from the Eastern Freeway, walk to Wilsons Reserve Playground, Next Gen Doncaster and the Stables Provedore Café. - Eight-room rooming house with an income of $136,000 p/a from Rooming House Operators - North-facing backyard - High-side position - 658 sq m approx. - Revert to a large and comfortable family home - Redevelop, building one residence or townhouses (STCA) - Walk to Westfield Doncaster and buses to Box Hill and the city - Metres from Birralee Primary School ----------------------------------------------------------------- Live Streaming via GAVL McGrath clients have the opportunity to watch, bid and buy on live property auctions. Register through www.gavl.com and follow the property link: https://x5u9a.app.goo.gl/YiugQ To be able to bid online, you must download the free GAVL App. Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence